Monday, June 11, 2012

Irrational Exuberance: Spanish Markets Close 6% Off Interday High

From Bespoke Investment Group:

What started off as a monumental rally for Spanish stocks earlier this
morning has turned into major disappointment now that its equity market
has closed. After trading up as much as 6.2% in early trading, Spain's
benchmark IBEX 35 index actually finished down on the day!...MORE